Remodeled Duplex Income
5617 Victor Street Dallas, TX 75214
New
For Sale
$450,000
Remodeled duplex with one vacant unit and one leased unit expiring Sept 30, 2026.
Days on Market5
Property Features for 5617 Victor Street
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Year Built
1924
Listing Agency:
BK Real Estate
(972) 677-9172
Listed By:
Harrison Sharp · License #0735232
Source:
Nilesrealtygroup
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 29 at 10:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BK Real Estate
Investment Insights
Based on property information with market context.
This fully remodeled duplex includes two separate sides, with 5619 currently vacant and available for showings. 5617 is currently leased through Sept 30, 2026. Each side features a distinct layout: one unit offers a spacious one-bedroom arrangement with a renovated bathroom, while the other provides two bedrooms and an updated one-and-a-half bathroom.
Recent improvements include two brand-new HVAC systems, an updated plumbing system, redesigned kitchens with quartz counters and a modern backsplash, new LVP flooring, and fresh interior and exterior paint. The roof was replaced in September 2022, and the foundation has been completely rebuilt. The property is located at 5617 Victor Street in Dallas, TX 75214.
Recent improvements include two brand-new HVAC systems, an updated plumbing system, redesigned kitchens with quartz counters and a modern backsplash, new LVP flooring, and fresh interior and exterior paint. The roof was replaced in September 2022, and the foundation has been completely rebuilt. The property is located at 5617 Victor Street in Dallas, TX 75214.
Key Highlights
- Fully remodeled duplex (Year built 1924) with 1 vacant unit for showings and 1 leased unit.
- Unit 5617 leased for $1,225/month with lease expiration on Sept 30, 2026.
- Recently updated with 2 brand‑new HVAC systems and an updated plumbing system.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.2k | $27.96 |
| − Vacancy | −$4.2k | −$2.84 |
| EGI | $37.0k | $25.12 |
| − OpEx | −$11.1k | −$7.54 |
| NOI | $25.9k | $17.58 |
1,473 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$370.0K
$323.8K – $431.7K
NOI $25,900 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$320.0K
$280.0K – $373.3K
NOI $22,398 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,724 @ 7.0% cap · market cap 27.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled duplex with one vacant unit and one leased unit expiring Sept 30, 2026.
Where is this duplex located?
The property is located at 5617 Victor Street Dallas, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully remodeled duplex (Year built 1924) with 1 vacant unit for showings and 1 leased unit.; Unit 5617 leased for $1,225/month with lease expiration on Sept 30, 2026.; Recently updated with 2 brand‑new HVAC systems and an updated plumbing system.
